Lower Marshall-Shadeland Development Initiative

Analysis

Lower Marshall-Shadeland Development Initiative is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lower Marshall-Shadeland Development Initiative reported income of $125k and spending of $114k, spending 91% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $425k to $125k (-71%), an average of -33% a year. The sharpest change came in the year to December 2022, when income rose by 964%. Over the whole period it spent 59% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lower Marshall-Shadeland Development Initiative sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 40th percentile within PA. Charities of a similar size with the same main cause include Mary Lee Charles Place ($125k), Heartland House Inc ($125k) and Tuckers House ($125k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $482k against liabilities of $5,495, net assets of $476k.